Why Returning a Degree Won't Cancel Your Student Loans

After you pay off a car loan, do you expect to get all of your money back? Similarly, with a student loan for college, you are essentially 'buying' an education. Whether you spend 4 years versing in your field or partying and failing classes is determined by you. The value of your education lies not in the piece of paper you paid for, but in the knowledge and skills you gain.

The Real Value of Education

The actual degree is just a symbol, but the value comes from the knowledge and skills you acquire during your time at college. Many students start their academic journey but never earn their diplomas, and the cost is still on them.

Returning Your Degree vs. Canceling Loans

Imagine you buy a car on installment and use it for 4 years, driving it and accumulating 100,000 miles. Would it be reasonable to return the car and refuse to pay the money you owe? No. Similarly, when you take out a student loan, you agree to pay it back. Refusing to do so is unwise and irresponsible.

Why Returning a Degree Won't Refund Your Loans

oretically, you can 'return' your degree. But no refunds are typically offered for completed degrees. You can, however, submit a formal request for the Registrar's Office to remove your degree from your records, but this is a complex and time-consuming process.

The certificate you receive is just a symbol and is not widely accepted as proof of your education. Most places won't even accept it as proof because it's easy to counterfeit. Striking the degree from your records requires an act of the Board of Trustees, who rarely take such requests seriously without substantial justification.

Alternatives to Returning a Degree

If you want to express your dissatisfaction, joining and then resigning from the Alumni Association can be an easier and more effective approach. This method provides equal or better public relations value for you and the same impact on the institution.

Conclusion

The bottom line is that returning your degree won't necessarily cancel your student loans. While you can make a formal request to have your degree removed, it's unlikely to be granted, especially if you're just expressing dissatisfaction. It's best to own up to your responsibilities and make plans to pay back your loans.